Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
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The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
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The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Billionaire entrepreneur Mark Cuban told CNBC on Monday that he's holding much more cash than he normally does because he's concerned about the stock market and U.S debt levels.
"I'm down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix. I've got a whole lot of cash on the sidelines, " Cuban said on "Fast Money Halftime Report. " "[I'm] ready, willing and able if something happens" to invest.
Cuban said Amazon and Netflix are his biggest holdings. But he refused to reveal his short positions, the stocks that he's betting against. "I'll keep that to myself."
"Put aside tariffs, put aside what the president is doing, he's got his reasons," said Cuban, an outspoken critic of Donald Trump as a candidate and as president. "There just no way where you can say, 'I just trust everything that's going on.' And that concerns me."
"We borrowed from the future to kind of pump up the current market," said Cuban, owner of the NBA's Dallas Mavericks. Running up the national debt is just as bad as the Federal Reserve continuing historically low interest rates much longer than needed after the 2008 financial crisis, he contended.
"If I get a feeling that [economic] growth will continue at 4-plus percent and the debt will then come down, then I'll get back into the market," said Cuban.
The "Shark Tank" investor provided no update in Monday's CNBC interview on whether he might run for the White House in 2020. Asked in June whether he's given more thought to running, Cuban told The New York Times via email then, "Yes. But not willing to discuss at this point."
Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.